ADY 0.00% 0.9¢ admiralty resources nl.

anz sold out of opes ady shares, page-17

  1. 11,682 Posts.
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    jiblet, maybe you're in "stupid land" on this! If your take the time to read this:
    https://trading.nab.com.au/ComNews/20080411/00831561.pdf
    It is referring to anz's total holding as a result of the opes collapse and is consistent with the top20 shareholder list here:
    http://www.ady.com.au/uploads/top_20_shareholder/34173cb38f07f89ddbebc2ac9128303f.pdf

    No where does it say this is what has to be sold. So if they sell all of them then they are a zero ady shareholder. Not a major shareholder as they have been for over 12mths.

    When a major shareholder sells out altogether then it is not a good sign. Particularly, when this leaves no major shareholders in the company and only small time investors holding the can. However, it does leave the company ripe for a takeover if anyone wants it.

 
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